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Home International Markets

Indian rupee appreciates by 2 paise against  US dollar in early trade

byCustoms Today Report
02/12/2015
in International Markets
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NEW DELHI: The rupee appreciated by 2 paise to 66.47 against the US dollar in early trade on Wednesday in line with other Asian currencies.

On Tuesday, the rupee strengthened by 18 paise to close at 66.49 against the US currency due to persistent selling of dollar by banks and exporters after RBI kept its key policy rates unchanged.

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Most Asian currencies were trading higher against the greenback on Wednesday morning. The Malaysian ringgit and Taiwanese dollar added 0.39 per cent each, Korean won rose 0.31 per cent, Indonesian rupiah gained 0.15per cent, while Thai baht rose 0.14 per cent. Japanese yen and Chinese yuan were trading flat.

Data released overnight showed the US manufacturing sector contracted last month to its weakest level since June 2009, while construction spend rose in October to the highest level.

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